Debt & Equity Archives - Page 136 of 148

Brookfield inks $209M loan for multifamily portfolio buy

REW Staff February 5, 2014 February 5, 2014

by REW StaffFebruary 5, 2014February 5, 2014710

Capital One Bank announced provided a $209.5 million, five-year term loan to Brookfield Strategic Real Estate Partners (BSREP) to finance the acquisition of 17 multifamily properties. BSREP is managed by Brookfield Asset Management, one of the world’s largest owners, operators and investors in office, industrial and multifamily properties. The properties...

Debt & Equity

Deal goes down to the wire

REW Staff February 5, 2014 February 5, 2014

by REW StaffFebruary 5, 2014February 5, 20141531

Eastern Union saved the day for a New York City investor when the company completed a deal which was submitted right before New Years and closed just 29 days later during the the last few business hours of the month. Eastern’s director of client relations Jake Handelsman negotiated the $20...

Deals & Dealmakers Debt & Equity

Meecorp launches investment product

REW Staff February 5, 2014 February 5, 2014

by REW StaffFebruary 5, 2014February 5, 20141028

Meecorp Capital Markets, LLC, a privately owned commercial real estate lender and private equity firm, has launched a new preferred equity investment product. The launch coincides with Meecorp’s announcement that the company has closed its first transaction with its new product in a $14.2 million joint venture partnership with Gale...

Debt & Equity Featured

Gold-plated Alex Rovt happy to spend $200M in cash

REW Staff February 5, 2014 February 5, 2014

by REW StaffFebruary 5, 2014February 5, 20142882

Two years after buying 14 Wall Street, Alex Rovt is looking for a new place to park his money. At a conversation hosted by Baruch College’s Steven L. Newman Real Estate Institute, the mustachioed billionaire said that he plans to spend between $50 and $200 million to buy another building in New York. If the past is any indication, he will pay in cash.

Debt & Equity Headline

Eager investors jolt CMBS back to life

REW Staff February 5, 2014 February 5, 2014

by REW StaffFebruary 5, 2014February 5, 20141063

Five years after commercial mortgage-backed securities were all but declared dead, they are back with a vengeance. CMBS issuance in 2013 approached $90 billion, according to research company Trepp. Commercial real estate finance firm, CCRE, estimates that CMBS issuance will exceed $125 billion in 2014 “The real estate market seems to have stabilized from a few years ago, and this gives institutional bond investors a lot more confidence,” said CCRE’s CEO Anthony Orso.

Debt & Equity

Capital One provides $96M for latest Jamestown buy

REW Staff January 21, 2014 January 21, 2014

by REW StaffJanuary 21, 2014January 21, 2014730

Capital One Bank announced that it has provided a $96.3 million, seven-year term loan to Jamestown Premier 245 First, LLC. The loan will be used to finance the acquisition of Riverview, a commercial real estate property in Cambridge, Massachusetts. Jamestown is a real estate investment and management company headquartered in...

Debt & Equity

Prices, profits send property taxes north

REW Staff January 20, 2014 January 20, 2014

by REW StaffJanuary 20, 2014January 20, 2014921

By Sarah Trefethen New York City’s bricks and mortar are worth $914.8 billion, according to the Department of Finance’s initial property value assessments for the 2015 fiscal year. Property owners will have an opportunity to examine and challenge the value on the tentative roll before the numbers are finalized in...

Debt & Equity

Equus blows past goal with new $310M fund

REW Staff January 15, 2014 January 15, 2014

by REW StaffJanuary 15, 2014January 15, 2014673

Equus Capital Partners, a private equity real estate fund managers, announced the close of BPG Investment Partnership IX, LP (Fund IX), with equity investments totaling $310 million. Fund IX officially closed on December 13, 2013, and is targeting value-add office, multifamily, industrial and retail investments located in major metropolitan centers...

Debt & Equity

JLL has $70M worth of good news for buyer

REW Staff January 15, 2014 January 15, 2014

by REW StaffJanuary 15, 2014January 15, 2014655

Jones Lang LaSalle’s (JLL) Capital Markets division has secured $69.8 million in acquisition and “good newsˮ financing for the purchase of a New Jersey office building. Lincoln Equities Group and Lakestar Properties have purchased the 463,435 s/f former Pfizer Class A+ building in Madison, NJ, within the Giralda Farms Corporate...

Construction & Design Deals & Dealmakers Debt & Equity

Schumer gets Silverstein his $340M bond money

REW Staff January 15, 2014 January 15, 2014

by REW StaffJanuary 15, 2014January 15, 2014823

U.S. Senator Charles E. Schumer announced on Monday that the final federal hurdle has been cleared in securing Recovery Zone bonds that will go toward financing the complete construction of 3 World Trade Center. Since the recession delayed to start of construction on the 80-story building, Schumer had to work...